Glossary of Credit Card Terms

(1) | 1 (1) | 3 (1) | 5 (1) | A (42) | B (28) | C (92) | D (44) | E (19) | F (33) | G (7) | H (3) | I (14) | J (7) | K (3) | L (10) | M (27) | N (12) | O (10) | P (43) | Q (2) | R (34) | S (43) | T (26) | U (9) | V (10) | W (2) | X (1) | Y (1) | Z (7)
Account holder An account holder is one or more people bound to pay the credit card. Person can be an authorized user but not be accountable for the debt.
Account number An account number is a unique number given to a credit card holder by the bank and is engraved and encoded in the card.
Account takeover fraud Account takeover fraud happens when an unauthorized person gains access to a victim's bank or credit card accounts and make transactions trough them.
Acquirer An acquirer, or an acquiring financial institution, is a bank that acts as an intermediary that assists in possessing and settling a retailer's daily credit card transactions, and settles them with...
Acquiring financial institution An acquiring financial institution, or acquirer, is a bank that acts as an intermediary that assists in possessing and settling a retailer's daily credit card transactions, and settles them with the...
Acquisition Acquisition is the credit card industry's phrase for obtaining consumers and businesses as credit card users.
Add-on rates An add-on rate is an interest calculating system. The final interest amount is calculated ahead of time and added to principal loan amount. If paid in portions, the sum of the total interest plus the...
Additional cardholder If you are credit card user, you can get an additional card for your account to be used by someone else. The main cardholder is accountable for all payments of the credit card no mater if charges...
Adjusted balance The adjusted balance is a calculating method for monthly payments. Issuers will add obtained finance charges and deduct payments made during the month on a credit card account.
Adverse action An adverse action is an action by a creditor to deny a consumer access to credit, or to offer anything less than the best terms available. In 2011 federal rules went into effect and lenders are...

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